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A handshake between Luca de Meo (left) and François-Henri Pinault (right) that also symbolises a changing of the guard, marking a new era for the luxury industry. Thomas Samson/AFP

From selling cars to selling handbags: with the arrival of Luca de Meo at Kering (Gucci, Balenciaga), is luxury becoming a sector like any other?

The former Renault executive’s new post marks more than just a change in leadership.

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